China's September trade surplus with USA widens to record $34.13 billion

"Until they allow their currency to float freely, they are guilty", said Dan DiMicco, a former chief executive officer for the steelmaker Nucor Corp. who was an adviser to Trump's campaign and presidential transition and now sits on an advisory committee for U.S. Trade Representative Robert Lighthizer.

"Exports continued to defy USA tariffs last month but imports struggled in the face of cooling domestic demand", said Julian Evans-Pritchard of Capital Economics in a report.

Beginning a year ago, the National Security Council led a review of China's efforts to obtain nuclear material, equipment and advanced technology from US companies, government officials said in a conference call with reporters on Thursday.

China's exports to the USA rose to $46.7 billion while imports slumped to $12.6 billion.

The Chinese yuan has lost almost 10 percent of its value against the USA dollar this year.

Plus, the 10 percent tariffs were nearly entirely offset by the fall in the Chinese currency, which has depreciated by more than 8 percent since June.

The president and Vice President Mike Pence in recent weeks have also accused Beijing of trying to meddle in November's midterm elections to hurt Trump because he is putting pressure on China over trade.

Analysts say a sharp depreciation of the yuan has also helped China weather the tariffs by making its exports cheaper. These would be the first direct talks since August, but with both sides digging in their heels, there are few hopes the leaders can secure a major breakthrough.

On Thursday, the United States said it would restrict exports of nuclear technology to China given worries it was being diverted to support the military.

"Their economy has gone down very substantially and I have a lot more to do if I want to do it", Trump said in an interview with Fox News. "The fight won't end in the blink of an eye, considering it is between the world's two biggest economies".

China's large trade surplus with the United States has always been a sore point with Washington and is at the center of an increasing bitter dispute between the world's two biggest economies.

"If they decide they don't want to hold them, there are other buyers", Mnuchin said in an interview with the outlet.

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